Old System Of Management Based Largely On Empirical Data

At the turn of the XIX and XX centuries production nature has changed significantly.First of all, sharply increased its scale and concentration. There were giant enterprises, which employed thousands, and sometimes tens of thousands of workers and engineers used expensive equipment, complicated processes based on the latest achievements of scientific thought. In these circumstances, it has become necessary to radically change the model of production management, the implementation of other organizational structures, reporting lines, strict observance of technology, precision assignments, reasonable incentives, and so on. Old system of management based largely on empirical data could not provide most of these aspects.Absence of knowledge of the organization of production processes, the optimal sequence of operations and modes of operation of equipment, technical and other standards, personal empowerment of people, workers themselves were not sufficiently trained and prepared yet. As a result of factors above ,introduction of any innovations did not bring the desired effect, and a huge technical and economic potential remained undiscovered. Prerequisites for changes were : industrial management experience gained in the 19th century, and developments in economics, sociology and psychology.They helped to create the concept of scientific management.Practical basis of its formation became mass experiments on industrial enterprises, which had the goal to prevent losses from theShow MoreRelatedMoneyball: Lessons for Business1245 Words   |  5 Pages(and proof) those measures that are valid indicators of future successful performance. He managed by using the right empirical data. This makes me wonder if rigorous statistical analysis (i.e. like sabermetrics in baseball) can be used in any industry or situation to determine the factors most associated with true value to the company. 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